Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: BillyG who wrote (46742)	10/27/1999 8:11:00 PM
From: DiViT	Read Replies (1) \| Respond to of 50808

Reuters said: "Based upon Harmonic's closing price of $59.875 Tuesday, the value of the transaction would be about $1.47 billion. C-Cube shareholders will receive 0.5427 shares of Harmonic stock for each share of C-Cube, valuing each C-cube share at $32.49, 20 percent less than C-Cube's closing price of 40 3/8 on Tuesday." They don't account for the spin off of the semi biz. Spining off the entire Semi biz only drops the price HLIT is paying by 20%? HLIT is buying half the company for 80% of it's valuation?